How to Switch to Solar Power?
Get a free quote from our experts. Learn what system configuration suits you the best and just how much money you can save!
Sit back while we take care of the design and permits and government incentive application for your solar panels. All you have to do is give us your approval to move forward!
Stress-free Installation and activation. We take care of everything from roof repair, tree cutting, and installation. Sit back, relax and watch the magic happen!
Solar Financing Options in Lancaster, PA
Solar panels are an important investment for many homeowners in Lancaster, Pennsylvania. Like any investment, you may be wondering how you can get the money together to pay for your solar panels. Fortunately there are many solar financing options available to you. At Momentum Solar, we help homeowners in Lancaster select the best solar financing option for their needs. Our experiencing working with homeowners in your area means we are deeply knowledgeable about your solar panel requirements and the exact financing options available right now.
Cost of Solar in Lancaster
A typical home in Lancaster requires a 10-kW system. The exact cost of a system this size will vary based on the unique specifications of your home, the quality of your solar panels, and the installer you choose.
When you purchase solar panels, you are eligible for the federal Solar Investment Tax Credit (ITC). In 2021, this solar tax credit lowers the price of your solar panels by 26% by providing an equivalent refund on your income tax during that tax year. Unfortunately this program is being phased out. It will no longer be available to residential customers by 2024 and will be reduced incrementally until then. In 2023, you will receive a 22% refund and in 2024 the program will expire.
Solar Loans in Lancaster, PA
If you don’t have the capital available to purchase solar panels for your Lancaster home upfront, you can consider taking out a solar loan to fund your project. You can take out a loan to cover just part of the purchase or the full amount.
For many Lancaster residents, taking out a loan is a very smart way to purchase solar panels. Rather than tying up large amounts of cash or drawing from savings, a loan allows you to spread your payments over time. Since you will be purchasing your solar panels, you will also be eligible for a substantial rebate through the solar tax credit if you purchase your panels before 2023.
Solar Installers in Lancaster, PA
If you want to learn more about your solar financing options or just have some questions you want answered, we encourage you to contact us. At Momentum Solar, we are proud to be one of the leading installers of solar panels in Lancaster. We offer all new customers a free consultation, in which we will provide you with a quote for your solar panels and discuss the different financing options available to you.
Find Out if Switching to Solar is Right for You
Call 1 (888) MOMENTUM now to get your no-obligation, free quote